For its second fiscal quarter (ending June 30), Avista Corp (NYSE: AVA) has reported a 26% increase in E.P.S. from $0.23 a year ago to $0.29 in the current quarter. However, this performance was $-0.00 short of the consensus estimate of $0.29. E.P.S. were $2.47 for the latest four quarters through June 30 versus $1.94 for the same period a year ago — an increase of 27%.
Recent Price Action
Avista Corp (NYSE: AVA) stock closed at $38.26 on 8/7/24 after a slight gain of 0.2%. Moreover, above average trading volume at 138% of normal accompanied the advance. The stock has declined -3.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
AVA is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Avista has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Avista has a neutral Power Rating of 60 and a slightly positive Appreciation Score of 65, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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